Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Sets New 12-Month High – Here’s What Happened

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.98 and last traded at $91.62, with a volume of 789458 shares. The stock had previously closed at $90.17.

Global X Lithium & Battery Tech ETF Stock Performance

The firm has a market capitalization of $2.25 billion, a PE ratio of 21.25 and a beta of 1.03. The company has a fifty day moving average price of $77.10 and a 200-day moving average price of $70.40.

Institutional Investors Weigh In On Global X Lithium & Battery Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC raised its position in Global X Lithium & Battery Tech ETF by 2.8% during the first quarter. PFG Investments LLC now owns 5,203 shares of the company’s stock valued at $387,000 after purchasing an additional 141 shares during the period. Wealthspire Advisors LLC raised its position in Global X Lithium & Battery Tech ETF by 2.2% during the fourth quarter. Wealthspire Advisors LLC now owns 7,765 shares of the company’s stock valued at $504,000 after purchasing an additional 168 shares during the period. Centaurus Financial Inc. raised its position in Global X Lithium & Battery Tech ETF by 4.1% during the third quarter. Centaurus Financial Inc. now owns 4,593 shares of the company’s stock valued at $261,000 after purchasing an additional 181 shares during the period. Realta Investment Advisors raised its position in Global X Lithium & Battery Tech ETF by 26.1% during the first quarter. Realta Investment Advisors now owns 1,231 shares of the company’s stock valued at $92,000 after purchasing an additional 255 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in Global X Lithium & Battery Tech ETF by 11.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,836 shares of the company’s stock valued at $184,000 after purchasing an additional 299 shares during the period.

Global X Lithium & Battery Tech ETF Company Profile

Global X Lithium ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the lithium industry, as defined by Structured Solutions AG. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.